China Overseas Grand Oceans Group Balance Sheet Health
Financial Health criteria checks 5/6
China Overseas Grand Oceans Group has a total shareholder equity of CN¥38.1B and total debt of CN¥43.9B, which brings its debt-to-equity ratio to 115.1%. Its total assets and total liabilities are CN¥152.0B and CN¥113.9B respectively. China Overseas Grand Oceans Group's EBIT is CN¥5.4B making its interest coverage ratio -17.7. It has cash and short-term investments of CN¥26.0B.
Key information
115.1%
Debt to equity ratio
CN¥43.87b
Debt
Interest coverage ratio | -17.7x |
Cash | CN¥26.02b |
Equity | CN¥38.13b |
Total liabilities | CN¥113.90b |
Total assets | CN¥152.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 81's short term assets (CN¥143.6B) exceed its short term liabilities (CN¥81.3B).
Long Term Liabilities: 81's short term assets (CN¥143.6B) exceed its long term liabilities (CN¥32.6B).
Debt to Equity History and Analysis
Debt Level: 81's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: 81's debt to equity ratio has reduced from 161.5% to 115.1% over the past 5 years.
Debt Coverage: 81's debt is well covered by operating cash flow (20.7%).
Interest Coverage: 81 earns more interest than it pays, so coverage of interest payments is not a concern.